Commercial & Private Bank Business Risk & Controls- Risk Reporting Associate

Position Title

Commercial & Private Bank Business Risk & Controls- Risk Reporting Associate

Location

Nationwide, MI 48098

Job Summary

The Commercial & Private Bank Business Risk & Controls-Risk Reporting Associate will help to design and produce periodic risk reporting for Division leadership. In this 1st Line of Defense (1st LOD) role, the candidate will bring expertise in risk reporting production, heightened standards regulatory requirements and Commercial & Private Banking businesses.

• The Private Bank consists of Private Client Groups (PCGs) who are highly specialized in providing white glove service to High Net Worth and Commercial clients by offering Deposit products, lending, and products and services from Flagstar’s broader offerings.

• The Commercial Bank includes lending, finance, and banking focused on middle market Commercial & Industrial (C&I) companies. The organization also provides capital markets, foreign exchange and derivatives, treasury management products and services, and banking as a service.

This role will collaborate with colleagues in Enterprise Risk Management and Compliance (2nd LOD) and Internal Audit (3rd LOD). This position is critical to supporting the strategy of the Commercial & Private Banks by ensuring prudent risk and compliance management which permit the bank grow profitably.

Pay Range: $84,878 - $112,463 - $140,049Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

Risk Reporting

• Establishes centralized monthly reporting of Business Risk exposures and framework elements, including Enterprise Risk Appetite Assessments and Key Risk Indicators.
• Evaluates optimal Senior Management MIS for risk reporting including key risk and control data, inventories, metrics, and reporting are established and actively monitored.
• Produces periodic Regulatory reports that summarize Business Risk profile and initiatives, where necessary.
• Contributes to risk reporting content for Business Risk Governance Forums.
• Liaise with Enterprise Risk & Compliance (2nd LOD) related to risk reports for their various Forums, where necessary.
• Supports management and reporting of regulatory and integration workplan milestones and tasks, including appropriate risk escalation and issue remediation.
• Participates and provides relevant updates in Forums where the Business Risk Topics are to be discussed, escalated, and monitored, where necessary.

Risk Advisory Guidance and Communication

• Supports the development and implementation of regular communication methods to keep employees informed of key risk topics as well as updates to policies, procedures and regulatory matters.
• Supports Risk Advisors or Business leadership on content for training on Risk programs, where necessary.
• Stays abreast of compliance and regulatory changes at Flagstar and within the industry to continue to act as a risk subject matter expert for advising and monitoring processes across the Business Units.

Procedure Management

• Establishes and/or actively manages Risk Reporting Procedures to ensure compliance to Company requirements.
• Ensures regulatory/compliance related requirements are embedded within Business procedures and user guides. 
• Ensures ongoing / annual reviews of relevant Risk procedures to ensure accuracy and compliance with policies.
• Uses independent judgement and discretion to make decisions.
• Analyzes and resolves problems.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
• Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

• Education level required: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent 
• Minimum experience required: 4+ Years.
• Experience in one of the following banking specialties determined by the position;
  • Private Banking and associated deposit and lending products
  • Commercial Banking and associated lending and deposit products
• Proven ability to lead and execute in change management environments.
• Experience in acquisition / integration environments.

Preferred Qualifications:

• Education level preferred: Undergraduate Degree (4 years or equivalent) in Finance, Economics, Business, Data & Analytics or similar.
  • Demonstrated effectiveness in managing operational requirements, preferably in the assigned banking specialty
  • Advanced understanding of Non-Financial Risk management and audit industry best practices
  • Advanced understanding of laws and regulations impacting financial institutions
  • Demonstrated experience managing and executing multiple complex projects within required timelines.

Job Competencies:

• Demonstrated ability to follow company policies, guidelines and procedures.
• Proven ability to partner effectively across all levels of the organization and develop positive working relationships.
• Strong attention to detail, highly organized, and ability to prioritize.
• Ability to think critically and logically.
• Proactive self-starter with a strong work-ethic.
• Strong verbal and written communication skills, including use of Powerpoint and Excel
• Ability to manage change and problem solve
• Demonstrated ability to maintain confidentiality using tact and diplomacy.

• Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
• Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
• Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.
• Travel may be required depending on location of hire.  If required, travel is not expected to be frequent
• Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer

Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable.